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Facebook tests online-payments engine

Author : Parish Raut on Thursday, 15 August 2013 | 11:35


Facebook is testing a payments engine that could prove a threat to PayPal. The tool would allow users who have previously paid for something on Facebook using a credit card to make payments on third-party sites without re-entering their card information. Still, some analysts are skeptical about consumers' willingness to share their credit card and purchase details with Facebook.

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